Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Walt Disney Co shares valued at $466,400 were sold by Coleman Sonia L on May 09 ’24. At $106.00 per share, Coleman Sonia L sold 4,400 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, GORMAN JAMES P purchased 20,000 shares, netting a total of over 2,120,628 in proceeds. Following the buying of shares at $106.03 each, the insider now holds 20,467 shares.
Before that, Coleman Sonia L had sold 1,857 shares from its account. In a trade valued at $226,405, the Sr. EVP and Chief HR Officer traded Walt Disney Co shares for $121.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,857 shares, worth approximately $0.44 million.
As published in a research note from Redburn Atlantic on May 21, 2024, Walt Disney Co [DIS] has been rated up from a Sell to a Neutral and the price target has been revised to $100. As of March 27, 2024, UBS has reiterated its “Buy” rating for DIS. Earlier on March 25, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for DIS stock which previously was a “an Equal weight”.
Analyzing DIS Stock Performance
During the last five days, there has been a drop of approximately -2.62%. Over the course of the year, Walt Disney Co shares have jumped approximately 11.49%. Shares of the company reached a 52-week high of $123.74 on 03/28/24 and a 52-week low of $88.68 on 01/11/24. A 50-day SMA is recorded $112.51, while a 200-day SMA reached $96.85. Nevertheless, trading volume fell to 10.48 million shares from 7.19 million shares the previous day.
Support And Resistance Levels for Walt Disney Co (DIS)
According to the 24-hour chart, there is a support level at 99.62, which, if violated, would cause prices to drop to 98.57. In the upper region, resistance lies at 102.36. The next price resistance is at 104.05. RSI (Relative Strength Index) is 27.10 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.70, which suggests the price will decrease in the coming days. Percent R is at 97.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
